Solar Panel Cost Guide in Houlton, ME (2024 Update)
- Houlton Solar Installation Cost: $15,252
- 25-Year Savings: $15,448
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Houlton
We go over average solar pricing in Houlton.
In Houlton, solar panels cost about 4 per watt on average.Using this figure, a typical 5.7-kW system would cost about $15,252 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of installing solar panels can vary quite a bit based on a few factors, such as what size system you need, your energy usage and what company you go with.For many homeowners, the upfront cost of solar is worth paying. On average Houlton homeowners see about $18,000 in savings on electricity bills over 20 years.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Houlton
| Year | Return on Investment |
|---|---|
| 1 years | $-14,041 |
| 3 years | $-11,619 |
| 5 years | $-9,197 |
| 7 years | $-6,775 |
| 9 years | $-4,353 |
| 11 years | $-1,930 |
| 13 years | $492 |
| 15 years | $2,914 |
| 17 years | $5,336 |
| 19 years | $7,758 |
| 21 years | $10,180 |
| 23 years | $12,602 |
| 25 years | $15,024 |
Top Solar Installers in Houlton
Many homeowners opt for a solar panel installer since trying to put up solar panels yourself can be a labor-intensive endeavor. Solar warranties and repairs are often included in the cost of installation when you hire a solar contractor as well, which can save you more money over time.
If you’d like to start using solar energy but still aren’t sure which solar company to go with, here are our suggestions for providers nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Houlton
Factors that Affect Solar Panel Costs in Houlton
The cost of installing a solar system in Houlton can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of solar panels in Houlton, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can determine by looking at past power bills. Your overall cost can increase by around $3,800 for each additional kilowatt you need.There are several different solar panel brands and the one you choose also affects the cost. Generally, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Houlton to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you choose to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies in Houlton, and each can charge different amounts for labor and equipment.Additionally, some companies in Houlton have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.95 | $16,598 | $11,452 | 14.8 years |
| 8 kW | $3.88 | $21,706 | $15,695 | 14.5 years |
| 10 kW | $3.80 | $26,600 | $20,150 | 14.2 years |
| 12 kW | $3.72 | $31,282 | $24,819 | 13.9 years |
| 14 kW | $3.65 | $35,750 | $29,700 | 13.7 years |
| 16 kW | $3.57 | $40,006 | $34,794 | 13.4 years |
| 18 kW | $3.50 | $44,050 | $40,101 | 13.1 years |
| 20 kW | $3.42 | $47,880 | $45,621 | 12.8 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
- Contract: Read the contract terms carefully to make sure you understand the total cost, project completion timeline rebates and warranties.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Houlton, ME Solar Cost FAQs
How much does it cost to install solar panels in Houlton?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $19,000 for a 5-kW system and $38,000 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Houlton?
A solar panel system isn’t free in Houlton, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is going solar worth it?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.